3664 N Us Highway 31 S, Traverse City, MI 49684

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APN: 05-016-016-30

3664 N Us Highway 31 S, Traverse City, MI 49684

Lot

Land Use
Commercial (General)
Lot Area (SF)
Lot Area (Acres)
Zoning
Frontage
Depth

Building

Year Built
Year Renovated
Stories
Number of Buildings
Existing Floor Area Ratio
Commercial Units
Residential Units
Total Units
Building Area
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Reported Ownership

Reported Owner
Mailing Address

Contact Information

Phone Number
Email Address
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Recorded Sales

Date Sales Price Buyer Seller Sales Doc # Multi-Property Sale
2014-08-25
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Mortgage Records

Date Lender(s) Amount Doc # Maturity Date Crossed-Debt Parcels
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Tax Data

2017
Total Assessed Value
Assessed Land Value
Assessed Improvement Value
Total Market Value
Land Market Value
Improvements Market Value
Tax Amount
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Popular searches around Traverse City

Reonomy operates the most comprehensive database for Traverse City Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Traverse City commercial real estate professionals. Members from Traverse City include brokers, investors and service providers, many of whom specialize in Traverse City Commercial Real Estate.

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Traverse City commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Traverse City is $194,405. Commercial real estate sale prices in Traverse City have a median of $550,000. The last 24 months of sales history has seen 314 sales, with 228 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Traverse City over the last 24 months is $56.

Values and sold prices (last 24 months) United States Michigan Traverse City
Average price/sqft $1,591 $147 $101
Median price/sqft $101 $47 $56
Average sold price $1,191,151 $240,487 $411,618
Median sold price $192,686 $91,825 $550,000
Number of sales 2,516,453 44,122 314
Number of sales over $250k 1,067,354 10,770 228
Number of sales over $1m 275,406 1,181 --
Number of sales over $10m 40,988 47 --
Average total tax amount $6,485 $5,602 $6,668
Average assessed value $294,422 $107,355 $194,405
Average market value $346,236 $205,980 $391,077

Traverse City commercial real estate property averages

The average lot size of commercial real estate properties in Traverse City is 43,554 sf. This is 26% above the Michigan average.

Property averages United States Michigan Traverse City
Average lot size 837,104 sf 1,084,162 sf 406,784 sf
Median lot size 25,531 sf 33,387 sf 43,554 sf
Average building area 1,314 sf 129 sf 81 sf
Median building area 60 sf 26 sf 25 sf
Median year built 1964 1960 1989
Average number of units 21 12 9
Median number of units 2 -- --

Traverse City commercial real estate total supply

There are 10,465 commercial real estate properties in Traverse City. This is 196% below the Michigan average. The total acerage is 57,590 acres and the aggregate building area for commercial real estate properties in Traverse City is 206,135 sf.

Supply United States Michigan Traverse City
Number of parcels 51,649,673 1,310,286 10,465
Aggregate lot acerage 684,134,887 33,401,221 57,590
Aggregate building area 7,014,524,409 sf 11,716,575 sf 206,135 sf
Aggregate units 92,499,725 1,061,586 19,430

Traverse City commercial real estate industrial mortgages

There are 5 mortgages for commercial real estate properties across Traverse City in the Reonomy database. The average value of those mortgages is $223,974. This is 197% below the Michigan average.

Debt United States Michigan Traverse City
Number of mortgages 16,067,545 224,689 5
Average value of mortgages $8,737,039 $39,898,564 $223,974

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